On Tuesday, Singapore Airlines Lt (SIA) announced its plans to invest $250 million into India's national carrier, Air India. The deal is&nbsp;as part of a merger of its Vistara full-service airline joint venture with Tata Sons.

Following the deal, the airline will emerge as Air India's 25.1 per cent owner. Under the agreement, it stands to spend up to&nbsp;$615 million which as per reports will be stake, payable after the completion of the merger. The company said that it would fund the growth plans through its internal cash resources.

The Singaporean carrier in a statement said that subject to regulatory approvals, the two companies are aiming to complete the merger by March 2024. Additionally, the pair have agreed to "additional capital injections&nbsp;in Air India if required to fund growth and operations over the next two financial years".&nbsp;

SIA in its official notification of the merger announced that it will also invest US$250 million (INR 20,585 million or S$360 million) in Air India as part of the transaction.

As per Reuters, the merger will create a strong rival for India's dominant carrier IndiGo, while providing Singaporean airlines with a more solid foothold in "one of the world's fastest-growing aviation markets".

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In addition, it will enable Tata to consolidate its brands around full-service Air India and low-cost Air India Express. The Indian conglomerate recently brought out its former partner AirAsia and their joint project AirAsia India is also being merged with Air India Express.

Tata Sons Chairman N Chandrasekaran in a statement called the merger an "important milestone" in the journey to make "Air India a truly world-class airline".&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/singapore-airlines-tata-group-in-confidential-talks-over-air-india-vistara-integration-525145">Singapore Airlines, Tata Group in ‘confidential talks’ over Air India, Vistara integration&nbsp;</a>

He added that they are working to transform the national carrier "with the aim of providing great customer experience, every time, for every customer. As part of the transformation, Air India is focusing on growing both its network and fleet, revamping its customer proposition, enhancing safety, reliability, and on-time performance."

Singapore Airlines Ltd's Chief Executive Goh Choon Phong said "We will work together to support Air India's transformation programme, unlock its significant potential, and restore it to its position as a leading airline on the global stage".

Currently, the Singaporean carrier owns a 49 per cent stake in the Tata SIA airlines which operate Vistara, while the rest is owned by Tata Sons.

(With inputs from agencies)

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On Tuesday, Singapore Airlines Lt (SIA) announced its plans to invest $250 million into India's national carrier, Air India. The deal is as part of a merger of its Vistara full-service airline joint venture with Tata Sons.

On Tuesday, Singapore Airlines Lt (SIA) announced its plans to invest $250 million into India's national carrier, Air India. The deal is as part of a merger of its Vistara full-service airline joint venture with Tata Sons. Following the deal, the airline will emerge as Air India's 25.1 per cent owner. Under the agreement, it stands to spend up to $615 million which as per reports will be stake, payable after the completion of the merger. The company said that it would fund the growth plans through its internal cash resources. The Singaporean carrier in a statement said that subject to regulatory approvals, the two companies are aiming to complete the merger by March 2024. Additionally, the pair have agreed to "additional capital injections in Air India if required to fund growth and operations over the next two financial years". SIA in its official notification of the merger announced that it will also invest US$250 million (INR 20,585 million or S$360 million) in Air India as part of the transaction. As per Reuters, the merger will create a strong rival for India's dominant carrier IndiGo, while providing Singaporean airlines with a more solid foothold in "one of the world's fastest-growing aviation markets". Also read | Forbes India's 100 richest list: Check how many women billionaire are in the list In addition, it will enable Tata to consolidate its brands around full-service Air India and low-cost Air India Express. The Indian conglomerate recently brought out its former partner AirAsia and their joint project AirAsia India is also being merged with Air India Express. Tata Sons Chairman N Chandrasekaran in a statement called the merger an "important milestone" in the journey to make "Air India a truly world-class airline". Also read | Singapore Airlines, Tata Group in ‘confidential talks’ over Air India, Vistara integration He added that they are working to transform the national carrier "with the aim of providing great customer experience, every time, for every customer. As part of the transformation, Air India is focusing on growing both its network and fleet, revamping its customer proposition, enhancing safety, reliability, and on-time performance." Singapore Airlines Ltd's Chief Executive Goh Choon Phong said "We will work together to support Air India's transformation programme, unlock its significant potential, and restore it to its position as a leading airline on the global stage". Currently, the Singaporean carrier owns a 49 per cent stake in the Tata SIA airlines which operate Vistara, while the rest is owned by Tata Sons. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Singapore Airlines Ltd-owned Vistara announces merger with Air India

Air India has stopped serving non-vegetarian food on all domestic economy flights.

News reports said the change took place sometime in June this year.&nbsp;

Air India says the decision will lead to greater savings, and will also put a stop to unintentional mix-ups.&nbsp;

Non-vegetarian meals however will continue to be served in business class on domestic flights, and on all international flights. &nbsp;

A ruckus occurred last year on a Shanghi-Delhi-Mumbai flight after vegetarian passengers complained that they had been served non-vegetarian food.&nbsp;

&ldquo;We have decided to serve vegetarian meals in our economy-class seats on domestic flights,&rdquo; The Hindu reported Air India Chairman and Managing Director Ashwani Lohani as saying.&nbsp;

&ldquo;It also eliminates the possibility of mix-up: a non-veg meal getting served to a vegetarian passenger, as it had happened a few times in the past,&rdquo; he added. &nbsp;

The Hindu reported a senior Air India official as saying the decision should lead to Rs 8 crore in annual savings.&nbsp;

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The national carrier said the move would lead to greater savings

Air India has stopped serving non-vegetarian food on all domestic economy flights. News reports said the change took place sometime in June this year. Air India says the decision will lead to greater savings, and will also put a stop to unintentional mix-ups. Non-vegetarian meals however will continue to be served in business class on domestic flights, and on all international flights. A ruckus occurred last year on a Shanghi-Delhi-Mumbai flight after vegetarian passengers complained that they had been served non-vegetarian food. “We have decided to serve vegetarian meals in our economy-class seats on domestic flights,” The Hindu reported Air India Chairman and Managing Director Ashwani Lohani as saying. “It also eliminates the possibility of mix-up: a non-veg meal getting served to a vegetarian passenger, as it had happened a few times in the past,” he added. The Hindu reported a senior Air India official as saying the decision should lead to Rs 8 crore in annual savings.

Air India stops serving non-veg food on domestic economy flights

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Singapore Airlines Ltd-owned Vistara announces merger with Air India

Air India stops serving non-veg food on domestic economy flights